Member Info for ihavenoclue

The reason for the buying problems yesterday .. probably MM's trying to restrict the price and today they had to let it rise higher. Nice to see the SP rise higher than the 1.13p area. I feel this will be the slow bumpy ride towards production and beyond now IMHO

Nothing has really changed from when i started buying a few months ago. Production before end of 2008 increasing through 2009 as more mines come into production. The most important part of the RNS's was the fact that they have learned a great deal of knowledge from Quintana so further mines can be brought to production much quicker. Currently small gold explorers/producers are extremely undervalued IMHO and CMR especially so. They are being punished currently for their track record and rightly so. But if they manage to get the mine into production, which it is looking very good, and if they increase the resource there - which is also looking very promising, then i can only see CMR going from strength to strength in 2009 onwards. On top of that i am hoping that gold goes past $1000 an ounce next year which will spark market interest in gold producers, which CMR should be by then, so who knows what the SP will be middle of 2009 - end of 2009. Sandhopper, the ore is actually already mined and stock piled waiting for the equipment ;-)

The 360 million shares already HAVE owners - that is what a placing means .... they were bought between current institutional holders. Last valuation just over a month ago was 5p, and that didn't count the gold mines so they are for free, and you think it will go lower than 0.9p ? This has been forced down by RAB selling ... expect an RNS soon. IMHO

"The Quicker we see RAB sell all there shares the better for all of us." nice1, couldn't agree more. trying, ahhh the "post pub rant" .... that makes sense now. Isn't it funny how beer warps your perspective on things and makes you feel 100% in the right. Like sandhopper says, we all have those "days" LOL Roll on production !!! Regards IHNC

" i'll ignore yesterday's sell of £0.08p " do you mean 0.8p ? Not getting involved in the little spat but i feel it is RAB offloading and destroying the SP, as they have done with other companies. If we get an RNS saying RAB have no holding in CMR i feel this will shoot above 2p.

Strange no company was mentioned on this placing RNS

So oil is likely to stay above $100 a barrel. Fundamentals seem to be ignored in this market and UGY seem to be suffering from a slow death despite the production being hedged.

So approx £4k sales causes £600k to be wiped off the market cap today ?

Very good summing up of the AGM over on the ADVFN board http://www.advfn.com/cmn/fbb/thread.php3?id=12045892

http://goldnews.bullionvault.com/Goldbug/gold_price/fundamentals_in_place_for_gold_price_surge_18763379

Even better is the fact that it only costs $131 an ounce production costs ... so out of the $80m for 100,000 ounces, $66.9m is operating profit.

i think they are still shifting the seller but todays news that there will be production within 2 months (from the AGM) is excellent news. I topped up another 150k on two buys to make my holding 900k with an average of 1.75p Roll on 2009 All IMHO Regards IHNC

Fate helped me out here ... i bought in today at 320p on a spreadbet but then was forced to sell at 325p for cover another bet ... so seeing this drop doesn't worry me. Interesting to see how low it can go

I see how your thought patterns worked ... i feel that oil will stay above $100 and that makes DGO undervalued IMHO So i will go with your latter assessment that investors are coming back into the market now .. Sept/Oct usually good for oil shares, and when you have an oversold one squirting oil and cash all over like this one, then now would be a good time to get on board. Yes, i am very happy about HOIL ... bought in a £10 spreadbet on wednesday then, after seeing the graphs strange pattern on friday despite the buys, opened another one for £10. Closed them both this morning above 240p ... Spreadbets are sometimes sprints for profits unlike buying the share itself. I missed the large rise in DGO at 360p, from buying in at 275p, and settled for 320p instead. Lessons learned in current climate but a profit is a profit. Regards IHNC

Well £20 loss not doing too bad. I think they were just shaking the weak holders hence the rise today. I opened a £10 spreadbet today on DGO for completion in December. My 2 x £10 spreadbets on HOIL are doing well after i noticed the same kind of pattern on friday.

Hope you closed that short quick ?

I take it all back ... looks like it is heading for 300p or less TB ... you have bigger balls than me shorting this one from 310p ... Gustav may cause the oil price to spike and this one, currently overflowing with oil, should reply in kind. Regards, IHNC

Cheers for this tip Mate ... i owe you one ;-)

I doubled my spreadbet on these this morning ... still going in the right direction. I would love news of a bid here !!

Perhaps you are just more used to dealing with paper losses rather than gains ? LOL i know how that goes